Investors hold a significant 26.6% of the 2,853 Single-Family Residential properties in Pike County, AR, totaling 758 homes.
Individual, or 'mom-and-pop', investors form the backbone of the rental market, owning 598 properties, which accounts for 78.9% of all investor-owned SFRs. In contrast, company investors own 163 properties, making up the remaining 21.5%.
The ownership landscape is heavily skewed towards individuals by entity count as well, with 799 individual landlords compared to just 131 company landlords.
A defining characteristic of this market is the overwhelming preference for all-cash acquisitions. Of the 758 investor properties, 735 were purchased with cash, representing 97.0% of the portfolio, while only 23 properties are financed.
The portfolio is heavily focused on rentals, with 747 of the 758 properties classified as non-owner-occupied, underscoring the rental-centric strategy of local investors.